Harmonic (HLIT) to Release Earnings on Monday

Harmonic (NASDAQ:HLIT - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Monday, April 28th. Analysts expect Harmonic to post earnings of $0.05 per share and revenue of $127.51 million for the quarter. Harmonic has set its FY 2025 guidance at 0.430-0.680 EPS and its Q1 2025 guidance at 0.020-0.080 EPS.

Harmonic (NASDAQ:HLIT - Get Free Report) last issued its earnings results on Monday, February 10th. The communications equipment provider reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. Harmonic had a return on equity of 15.90% and a net margin of 5.78%. On average, analysts expect Harmonic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Harmonic Stock Performance

HLIT stock traded up $0.14 on Friday, hitting $9.21. The company had a trading volume of 653,634 shares, compared to its average volume of 1,239,873. The company has a current ratio of 2.18, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26. Harmonic has a 12-month low of $7.91 and a 12-month high of $15.46. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 27.91 and a beta of 0.92. The stock's 50-day simple moving average is $9.67 and its 200 day simple moving average is $11.55.

Harmonic announced that its Board of Directors has approved a share buyback plan on Monday, February 10th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the communications equipment provider to purchase up to 15.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HLIT shares. Rosenblatt Securities dropped their price target on shares of Harmonic from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Needham & Company LLC dropped their target price on shares of Harmonic from $18.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Barclays decreased their price target on Harmonic from $14.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 11th. StockNews.com raised Harmonic from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Finally, Northland Securities cut their price objective on shares of Harmonic from $14.00 to $12.50 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.50.

Insider Activity

In related news, CFO Walter Jankovic purchased 12,000 shares of Harmonic stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average cost of $9.44 per share, for a total transaction of $113,280.00. Following the completion of the transaction, the chief financial officer now owns 46,129 shares in the company, valued at $435,457.76. The trade was a 35.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Krall bought 10,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $9.78 per share, with a total value of $97,800.00. Following the completion of the acquisition, the director now owns 163,490 shares in the company, valued at approximately $1,598,932.20. This represents a 6.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 32,780 shares of company stock valued at $316,607 in the last ninety days. Insiders own 2.36% of the company's stock.

Harmonic Company Profile

Harmonic Inc, together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers.